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Current Event 2: Demand Harvest Delays Support Soybeans

This article talks about some problems with the production of not only soybeans, but also about corn, wheat, etc. It also talks about how the percentage on how plants are doing this year compared to last year.  I cannot find anyone who is for it or against it.

Some potential outcomes or consequences, for the future, would be the prices for corn and soybeans would probably increase, but it seems that wheat would decrease. Why the corn and Soybeans would increase is because the soybeans were higher on technical and commercial buying. The corn would increase because it was modestly higher on technical buying and spillover from beans. The wheat would decrease due to it being lower on profit taking and technical selling. In my opinion, this increase and decrease in food will probably affect some people on a global scale.

Citation:

Perkins, John. “Demand, Harvest Delays Support Soybeans.” Brownfield. N.p., 21 Oct. 2013. Web. 23 Oct. 2013. © Copyright 2013 Brownfield, All rights Reserved. Written For: Brownfield

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